Guideline Value for Andiyappan Naicken Street

Andiyappan Naicken Street guideline value

The current guideline value of Andiyappan Naicken Street is Rs 4,900 per sq.ft. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Class III Type - II.

How the guideline value of Andiyappan Naicken Street has changed

In the 2007 revision, the guideline value was Rs 1,210 per sq.ft. This figure increased significantly to Rs 4,500 per sq.ft in the 2012 revision, marking a rise of 272%. However, in the 2017 revision, the value decreased to Rs 3,015 per sq.ft, reflecting a drop of 33%. The 2023 revision saw another increase to Rs 4,500 per sq.ft, followed by the current 2024 revision which set the value at Rs 4,900 per sq.ft, an increase of 9% from the previous year. The register has no figures for the years 2002 and 2003.

Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 305%. The changes between the revisions show a fluctuating pattern, with significant increases and a notable decrease in 2017.

Guideline values in Kodambakkam

There are 1,031 streets in Kodambakkam under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, making Andiyappan Naicken Street's 2024 figure equal to this median.

• Angalamman Koil Street: Rs 4,900 per sq.ft (2024)
• Angalaparameswari 1st Street: Rs 3,300 per sq.ft (2024)
• Angalaparameswari 2nd Street: Rs 3,300 per sq.ft (2024)
• Angalaparameswari 3rd Street: Rs 3,300 per sq.ft (2024)
• Angalaparameswari 4th Street: Rs 3,300 per sq.ft (2024)
• Anjugam Nagar 1st Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Andiyappan Naicken Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Andiyappan Naicken Street?

The Sub Registrar Office that covers Andiyappan Naicken Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kodambakkam

The guideline value is a crucial factor in property transactions in Kodambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps establish a baseline for negotiations. Buyers and sellers often refer to these values to ensure that the transaction is fair and compliant with local regulations.

Frequently asked questions

What is the current guideline value of Andiyappan Naicken Street?

The current guideline value of Andiyappan Naicken Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 1,210 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 305%.

What is the land classification for Andiyappan Naicken Street?

Andiyappan Naicken Street is classified as Residential Class III Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Andiyappan Naicken Street?

The Sub Registrar Office for Andiyappan Naicken Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 49,00,000 would incur stamp duty at 7% and a registration fee at 2%.